Answer:
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Answer:
A. under the demand curve and above the $1.50 price for each individual who buys and consumes orange juice.
Explanation:
Consumer surplus represents the difference between what consumers are willing to pay for a good and the actual sales price of the good. In this case, all the area below the demand curve and above the sales price is considered consumer surplus.
Answer:
'd' perfect competition
Explanation:
since there is a high competition and has to go according to the market. if the competetor is selling the same product in lower price the seller should decrease there price also . to attract the buyers
Answer:
Customer's (exit) = 0.03 minutes per person
Explanation:
Given:
Flow (Ф) = 400 per hour
Times = 5 times headway
Computation:
5 times Poisson Distribution = 400 per hour × 5 time
5 times Poisson Distribution = 2,000 persons
Computation of expected amount of time needed to observe one customer :
Customer's (exit) = 1 hour / 2,000 persons
Customer's (exit) = 60 minutes / 2,000 persons
Customer's (exit) = 0.03 minutes per person
Narcissistic leaders are basically people who are selfish and do things for their own benefits. Toxic leaders tend to be jealous people who blame others for their own faults.
Again, one side takes advantage of others, while the other is just plain annoying.